(watch video below for market recap and trade details) OMN – sell at market Other 821x buy ideas: ARIS – buy with a limit price of $4.17 SLX – buy with a limit price of $26.61 I only track one 821x model portfolio trade at a time for educational purposes. Remember, IT NEVER MAKES SENSE TO PUT YOUR WHOLE ACCOUNT INTO A SINGLE TRADE. Please refer to the section on position sizing in the 821x Trading Manual. Please read the terms of service.
“News” that George Soros is shorting stocks grabbed headlines once again this week. I don’t see why this is getting people so worked up. Soros has supposedly been making big bearish bets since the beginning of the year. He’s been warning of a repeat of the 2008 financial crisis and apparently has a 2.1 million share put option against the S&P 500. I have no clue if George Soros is right. However, I do know that “news” like this does nothing to help us make money. We make money when we position our trades in the direction of the 8 and 21 day moving averages. Right now these moving […]